Facebook Inc (FB): Instagram hits 20M users
Facebook Inc (NASDAQ:FB) photo social network subsidiary Instagram has hit 200 million users. Over 20 billion photos have been shared thus far. This can be compared to Instagram hitting 150 million users six months ago and 100 million users over a year ago.
“Over the past six months, we’ve seen new communities coming together in cities and towns across the world, whether they be in Guthrie, Oklahoma, or Guatemala City,” said Instagram in a blog post. “With January’s Worldwide InstaMeet 8, we saw record turnouts of communities coming together to form friendships, explore new places and celebrate creativity in all corners of the globe from New Dehli to New York, Bucharest, Nairobi and beyond.”
This news comes on the heels of Facebook’s acquisition of Oculus VR.